Registered company number: 04521284
NOThINGHAM HIGH SCHOOL
{a company limited by guarantee)
FINANCIAL STATEMENTS
year ended
31 AUGUST 2024

NorriNGHAM HIGH SCHOOL
(a company limited by guarantee)
GOVERNORS
Nottingham High School ('the School the Company. and "the Charity.), (depending on the context) is an educational
charity administered by the Governors who are also directors and members of the Company and the trustees of the
Charity. The Governors who served during the year were:
Ex-officio Governors
The Lord-Lieutenant of Nottinghamshire
The Right Worshipful the Lord Mayor of Nottingham
(removed 19 January 2024)
(removed 19 January 2024)
The Govemors voted to remove Ex-officio and Nominated Govemors at a Full Goveming Body meeting on 19 January
2024. Nottingham High School's Articles of Association were updated to reflect the change and were filed wilh
Companies House and the Charity Commission.
Co-opted Governors
#*A+ Mr S Banks
Chair of Govemors
*A
Mr R J Bonney
Mr M F Dillon
Mr S J French
Mr D J Gandee
Mrs J Griffiths
Mrs B Hanslo
Mr A N Holman
Mr J S Jackson
MrRPSJohal
Dr S Krishanand
Mrs P K McNamara
Sir J Peace
Mr C J Prentice
Mr P G Renshaw
Mr C Robinson
Dr G Walton
MrKMShaw
*A+
Chair- Inveslment Committee
*A
(resigned 10 July 2024)
(resigned 24 June 2024)
*A+
Chair- Finance & Operations Committee
{removed 19 January 2024)
*A
(resigned 24 June 2024)
Chair - Education Committee
(appointed 5 September 2024)
Denotes member of Education Committee
Denotes member of Finance & Operations Committee
Denotes member of Investment Committee
Denotes member of Development Committee

NOThINGHAM HIGH SCHOOL
(a company limited by guarantee)
OFFICERS AND ADVISORS
The Headmaster
MrKDFear
Company Secretary and Director of Finance & Operations
Mrs H L Avison
School Address and regISte￿d office
Waverley Mount
Nottingham
Notts
NG7 4ED
Banker5
National Westminster Bank plc
Smith's Branch
16 South Parade
Nottingham
NG12JX
Auditor
RSM UK Audit LLP
Chartered Accountants
Rivermead House
7 Lewis Court
Grove Park
Leicester
Leicestershire
LE191SD
Investment Managers
Rathbone Investment Management Limited
Port of Liverpool Building
Pier Head
Liverpool
L3 1NW
Registered company number
04521284
Registered charity number
1104251

NorriNGHAM HIGH SCHOOL
(a company limited by guarantee)
GOVERNORS, REPORT
Year ended 31 August 2024
The Governors present their report of the School for the year ended 31 August 2024, including the Directors, and
Strategic Reports, under the Companies Act 2006, together with the audited financial statements for the year. The
Governors have adopted the provisions of the Statement of Recommended Practice (SORPI "Accounting and
Reporting by Charities" IFRS 102) in preparing the annual report and financial statements of the School.
REFERENCE & ADMINISTRATIVE INFORMATION
The School is a company limited by guarantee and a registered charity and is controlled by the Board of Govemors
acting primarily through the Education Committee and the Finance and Operations Committee.
The Governors are the directors of the Company for the purposes of company law and are its trustees for the
purposes of charity law. Details of the Govemors, Officers and Advisors are given on pages 1 and 2.
STRUCTURE, GOVERNANCE AND MANAGEMENT
Governing Document
The School was founded in 1513 by Royal Charter from King Henry Vlll. On 23 August 2007, by a deed oftransfer wth
effect from 31 August 2006, the non-permanent endowment business, assets, liabilities and contracts of the School
were Iransferred from Ihe Foundation of Nottingham High School lo the Company and the Company became the
trustee of the permanent endowmenl assets of the Foundation of Nottingham High School.
The Company is governed by ils Articles of Association and is regulaled by schemes sealed by the Charity
Commission on 23 August 2007.
Governing Body
The details of the Goveming Body are given on page 1.
Method of recruitment and appointment or election of Governors
Governors are appointed to the Governing Body in line with the requirements of the Company's Articles of
Association as follows=
The Board of Governors shall be composed of no fewer than 9 and not more than 22 co-opted Govemors
The co-opted Govemors are appointed to the Goveming Body by resolution of the Goveming Body. The Governors
may from time to time, at their discretion, determine the criteria for appointment as a co-opted Govemor. These
criteria will be determined by a review of the skills mix and diversity of the Governing Body.
Govemors voted to remove Ex-officio and Nominated Governors at a Full Governing Body meeting on 19 January
2024 and the Company's Articles of Association were updated accordingly.
Governor Trainlng
A programme of IndU￿10n is provided to new Govemors by means of a Governors, Handbook. written documentation.
attendance at Governors, Meetings and Committee Meetings and meetings with the Headmaster and Director of
Finance & Operalions.
Govemors are invited lo visit the School and observe the operation of the School. through a programme of visits,
usually timed around Governors, Meetings. In addition, the Education Committee regularly receives presentations by
academic, pastoral or other staff prior at their formal meetings, which enable their knowledge of the workings of the
School to be enhanced and updated.
An annual Governors. traininglstrategy day is held and, in addition, Governors are notified of, and offered the
opportunity to attend. training courses and seminars provided by organisations such as AGBIS, HMC and ISBA. AII
Govemors are required to undertake annual safeguarding and other compliance specific training.

NorriNGHAM HIGH SCHOOL
(a company limited by guarantee)
GOVERNORS, REPORT CONTINUED
Year ended 31 August 2024
Third Party Indemnity Provision for Governors
Qualifying third paty indemnity provision is in place for the benefit of the Governors.
Organisational Management
The Governing Body meets at least ￿l¢e per year to consider the general policies of the School and to consider any
business specifically reserved for the full Board.
The majority of the work of the Governing Body is delegated to the Education Committee, and the Finance and
Operations Committee, both of which meet ￿lce per year, with additional Finance meetings being convened, where
necessary. to consider the annual budget and the annual accounts. Other Committees or Sub-committees meet to
deal with specific matters, including Investment Committee, Pension Govemance and a Development Committee.
The day io day operation of the School is delegated to the Headmaster. supported by the Senior Management Team.
Following a long and very successful career, the Headmaster, Kevin Fear announced his retirement from August 2025.
The Govemors held a rigorous selection process for his successor and attracted a very strong field. They are delighted
that Andrew Holman, current Headmaster of Wellingborough School, was successful and will start the role in
September 2025.
Risk Management
Governors are responsible for the management of the risks to which the School is exposed. The School's Senior
Management Team ("SMT°) consider the main risks la¢ing the School and these are presented for approval by
Governors. Each risk area is then considered at the relevant Committee meeting following a presentation by SMT.
The key controls used by the School include-
Formal minutes for all Committee and Governors, meetings, and associated action plans.
Strategic planning. budgeting and managementaccounting.
Annual review of internal financial controls.
Established organisational structure, lines of reporting and authorisation levels.
Regular review of the investment policy and objectives.
All major capital expenditure is approved by the Goveming Body with the inclusion of key milestones and
expenditure control procedures.
Vetting procedures as required for the safeguarding and protection of children and the vulnerable.
Regular lesson and tutorial observations to enhance the quality of academic and pastoral provision.
Regular revi@w of the School's Parent Contract to ensure it accurately reflects parents, and the School's
obligations.
Legal advic8 IS taken when needed.
Through the risk management procedure5 Outlined above, the Governors are satisfied that the major risks to the School
have been identified and adequately mitigated including. where appropriate. by insurance cover. It is recognised that
systems can only provide reasonable and not absolute assuran￿ that major risks have been adequately managed.
The Govemors view the following as key risks facing the School..
The relative cost of independent education to parents in relation lo household income and other competing
financial pressures due to changes in tax regimes.
Changes to the tax status of Ihe S¢hool leading to the serwices becoming subject to VAT, loss of business rate
relief.
Operational costs of running the School continue to outstrip inflation and the growth in pupil numbers staff
costs, pensions. utilities, estate costs.
Further increases in the cost of employer contributions to TPS. Actuarial reviews occur every 4 years.
Increased number of attacks on the School IT systems. Fraudsters obtaining personal data or divert the
payment of School fees.
The increasing administrative burden of regulatory and compliance frameworks results in non-compliance.
The changing political and social environment and the School's responsiveness.
Disruption to market forces within the Independent School Sector impacting the School and our competitors.

NorriNGHAM HIGH SCHOOL
(a company limited by guarantee)
GOVERNORS, REPORT CONTINUED
Year ended 31 August 2024
Risk Management (continued)
The health and wellbeing of pupils and adults under the protection and guidance of the School.
The School slips in the national league table lo outside the top 100.
Alternative local choices for prospective pupils.
These risks are addressed through the measures set out above.
Employee Consultation and Disabled Employees
The School encourages the involvement of its employees in its management through regular departmental meetings
and specific project working groups.
The School encourages disabled persons to apply for a particular vacancy and every effort is made to ensure that they
are given full and fair consideration when such vacancies arise. The School provides training and support so that
employees who have been injured or disabled in the course of Iheir employment have been able to continue in
employment with the School.
During employment the School seeks to work with employees, taking account of their personal circumstances, to
ensure appropriate training, development and advancement opportunities are available to enable them to reach their
full potential.
OBJECTIVES AND AIMS OF THE SCHOOL
Objectives
The object for which the School is established is to advance education and training. by the provision and conduct of a
primary and secondary school in or near the City of Nottingham. The principal object is met by the provision of an
educational environment which will develop to the full the talents of able children.
In setting objectives and planning activities, the Governors have given due regard to the Charity Commission's general
guidance on public benefit on advancing education and on fee-charging.
Fees are set by reference to a detailed budgeting process undertaken each year, based on the need to ensure the
provision of a first-class educational environment for the pupils and the continued financial viability of the School in
both the short and long term. In discussions surrounding the setting of fees, any Governor who has family members
attending the School must decla￿ that interest and the relevant Committee will decide whether that Govemor must
absent themselves from the final decision regarding the level of fees charged.
Mlsslon and Values
Mission
We enable students from diverse backgrounds to flourish in an academic. compassionate environment engaging and
inspiring every pupil to maximise their potential and enjoyment. We nurture quietly confident and happy children who
are intellectually curious and cared for as individuals.
Values
Excellence:
We have high aspirations and pursue excellence across all areas of our provision. We nurture individual pupils to
achieve their highest potential and make a positive impact in the world.
Individuallty
We value each member of our community as an individual and embrace diversity in all its forms. We create the
conditions in which all can be happy and flourish.
Respect
We are proud to be an inclusive and diverse community. We value kindness, integrity and humility. We champion
culture of respect and understanding be￿een all in the school community-

NorriNGHAM HIGH SCHOOL
(a company limited by guarantee)
GOVERNORS, REPORT CONTINUED
Year ended 31 August 2024
Missions and Values (continuedj
Empathy
All of our provision is underpinned by empathy and compassion. We seek to build resilience and empower children
to make a positive difference in the world.
Curiosity
We value intellectual curiosity and creativity. We want every child to develop a love of leaming. We embrace
taking risks lo enhance pupil development both academically and as people.
The Independent Schools Inspectorate (ISI) School Inspection Report, dated February 2024. included the following
Comments:
'The curriculum has academic Challenge and individuality at its heart. Supported by an extensive co-curricular
programme, this supports pupils to develop their potential whilst stimulating their intellectual curiosity, enthusiasm and
imagination. Pupils respond positively to the high expectations of their teachers and express great enjoyment in their
school lrfe. Pupils achieve highly and are well prepared for their next steps in life.
'The school takes a holistic approach to managing pupils, wellbeing with pupils, physical, emotional and social needs
supported through the work of both academic and pastoral staff. Pastoral and academic staff work cohesively to
provide pupils with personalised support and guidance. Pupils flourish and grow in confidence and selfesteem.
Principal activities in the year
The principal activity has been the provision of education in accordance with the principal object described above.
The Senior School averaged 843 pupils {2022-23.' 843) during the year. while the Infant and Junior School averaged
333 pupils {2022-23.' 324).
Access to the School
Entry to the School is by examination and interview or, where appropriate at lower ages, assessment. These
examinations and assessments are undertaken to ensure that the applicants will be able to cope and thrive in the
educational environment provided by the School. For enty into sixth form, entry is by interview and reference to
GCSE grades.
The economic status, ethnicity, race or religion of the applicants forms no part of the assessment process and, whe
asonably practical. adjustments wll be made to accommodate applicants who are disabled.
The location of the School naturally means Ihat the majority of applicanls are from the Nottingham a￿a, but there is
no geographical restriction on the home location of the applicant's family, provided that the family Can make suitable
living accommodation andlor guardianship arrangements to ensure that the School Can properly carry out its legal
responsibility for its pupils.
Approach to Fundraising
The School's Development Office proactively fundraises for Nottingham High School.
As a registered charity. the School is registered with the Fundraising Regulator and cornplies with the Code of
Fundraising Practice.
The Development Office currently has two full time members of staff. Both employees are salaried and don't receive
commission.
The Fundraising and Alumni Relations Manager has overall ￿spOnsIbl11ty for the fundraising activities. is a Member of
the Chartered Institute of Fundraising and is qualified to CIOF (Diploma) level. Regular training and coaching take
place.

NorriNGHAM HIGH SCHOOL
(a company limited by guarantee)
GOVERNORS, REPORT CONTINUED
Year ended 31 August 2024
Approach to Fundraising {continued)
The Fundraising and Alumni Manager reports to the Headmaster and the Director of Finance and Operations and is
accounlable to the Governors.
The approach to fundraising focuses on educating the school community and raising awareness of Ihe ongoing
commitment to creating opportunities for academically-able children, regardless of background, Ihrough the bursary
programme.
Our overall approach incorporates the following:
A Donor-centric approach to our fundraising, giving priority to the donor and their wants. needs, wishes and
desires.
Focusing on securing funds available to the School through ils community and strengthening alumni relations.
Creating opportunities for donors to make a gift thal will meet their own special needs and add greater
meaning to their lives.
Ensuring that we treat people fairly and with respect. explaining the cause in a way which does not mislead
people. and are sensitive to people who may be in vulnerable circumstances.
Taking responsibility by only using ethical processes.
Recording the number of fundraising complaints received and reported on.
Responding to feedback accordingly (positive and negative).
We prioritise protecting our prospects by:
Avoiding intrusions on their privacy.
Not being unreasonable and making persistent approaches for money.
Not placing undue pressure on a person to give money.
Our approach includes..
Providing coaching for staff explaining what we consider vulnerability to mean and how to recognise and
protect vulnerable people and understanding how this translates into our fundraising activities.
Monitoring and reviewing activities and processes.
Mitigating the risks of fundraising with vulnerable people.
Being transparent and clear about our fundraising activity building trust in the organisation,
Flnancial Assistance that the School Provides
Bursary Policy
The School is committed to broadening access by offering to eligible parents means-tested financial support wth the
payment of School fees. Such support is known as a bursary and may be awarded in the form of a discount of up to
100% on tuition fees payable. depending on the financial. compassionate or other pertinent circumstances of
applicants. A further contribution equivalent to 5 % of fees is also available to full bursary pupils to contribute towards
school meals, uniform. sports kit and transport (where appropriate).
Bursaries may be made available to parents of pupils entering Year 7.
The School is a non-profit making charitable institution and has only limited resources to assist those parenls who for
whatever reason are unexpectedly unable to meet their obligations to pay fees for their child's education. Parents with
a child at the School whose financial circumstances suddenly change may write to the Headmaster, explaining their
situation.
Consistent with the School's philosophy, as much help as possible will be given to the family concerned in identifying
potential sources of advice, assistance and funding. The School will support the family's applications lo other grant-
making bodies to access additional financial assistance from external sources.

NO￿INGHAm HIGH SCHOOL
(a company limited by guarantee)
GOVERNORS, REPORT CONTINUED
Year ended 31 August 2024
Awareness
Infomiation provided by the School alerting the pa￿ntS of potential pupils to the possibility of gaining means-tested
financial support wilh the payment of School fees is included in..
The School prospectus
The School website
Open Days and Taster Days
Exhibitions designed to market the School
Planning
The School has an arrangement with a separate company called School Fees Plan who are able to assist those
parents who wish to spread payment of school fees over the year to better match their income streams.
Other
The School offers a number of non-means tested scholarships at the end of Year 7 each year, by means of a modest
reduction in the tuition fees based on academic potential as evidenced by performance throughout Year 7. Where
appropriate, a recipient of a scholarship may also benefit from means-tested assistance from the Bursary Fund.
Assistance provided
The School provided, or was instrumental in providing, financial assistance shown in the following table from the various
methods described above.
2023-24
2022-23
/oof
pupils
/oof
pupils
/0 of fees
in
£000 Pupils Receivable School
/0 of fees
£000 Pupils Receivable School
Value of assistsnce
Means tested bursary
1,629
111
1,522
112
The total means-tested assistance was provided at the levels shown in the following table.
2023-24
Number
2022-23
Number
Percentage of fee remission
19
52
31
17
47
28
22
20
47
26
29
111
100
112
100
In addition, other financial assistance totalling £97,000 was provided to 82 pupils (2022-23.. £85,000 to 75 pupils) in the
form of scholarships, and £234,000 to 32 pupils {2022-23= £219.000 to 31 pupils) in the fom of fee discount to staff
members.

NornNGHAM HIGH SCHOOL
(a company limited by guarantee)
GOVERNORS, REPORT CONTINUED
Year ended 31 August 2024
Future plans for Bursary Support
Insofar as it can afford to do so, Ihe School will continue to provide bursarial support in order to ensure that educalion
at the School can be made available to parents of more modest means. The School's Fundraising and Development
Office plays a key role in enhancing relationships with alumni and other stakeholders with a view to generating
additional funds lo support further bursary provision.
The Govemors continue to pursue a strategy of maintaininglenhancing the School's position in a competitive market
principally through inveslment decisions aimed at providing a high-quality education for boys and girls. A¢hieving a
high standard of academic results is a constant aim, whilst supporting students, wellbeing and maintaining a broad
extra-curricular offering underpinned by outstanding pastoral care.
Investing in new infraslructure is an important element of successfully delivering this strategy. In addition. the School
continues to invest in the maintenance of its estate which includes many buildings of historic importance.
STRATEGIC REPORT
Review of Activities and Achievements of the School
This has been another very successful year for Nottingham High School. Following our success in 2022. being ranked
first for academic results in the East Midlands by the Sunday Times, then later being named as the Co-Educational
Independent School of the year in the Independent Schools awards, in 2023 we were awarded Independent
Secondary School of the Year in the East Midlands, again by the Sunday Times. Our Infant and Junior School were
also awarded the British Council's International School Award in recognition of our work in bringing the world into the
classroom. We were shortlisted for the Independent Schools of the Year award for Student Well-being. and are
awaiting the outcome.
Academic activities
A Level results
30.6 /0 of passes were at A. grade. 66.4 % of the grades achieved were either A" or A, while 85.50/0 of sludents eamed
A.. A or B grades. 65 students achieved 3 A grades or better, of whom 23 students got at least 3 A's.
GCSE results
66.9 /0 of passes were at grades 8191A" grade and 87 /0 Were at the equivalent of grades A"IA17+ 96.90/0 of passes
were at A"IA B16+ with 82.5 % of pupils achieving 7 or more passes at grades 7-9.
Full details of the exam results can be found on the School's website.
The Co-curricular programme
The School considers its C0-Cu￿1Cu1ar activities to be a vital part of the overall delivery of its educational objectives. It
is one of the three fundamental pillars of the school along with Pastoral (well-being) and Academic aspects of the
School.
During the academic year 2023124, the school was successfijlly able to offer over 130 clubs and activities to take part
in involving over 100 staff. An example of this can be seen online on the School's website: Notlin
ham Hi
h School
Clubs and Activities.
Co<urricular activities
Musl¢ Department
The Music department delivered an incredible programme yet again this year in an area which only seems to grow and
grow. One of the busiest parts of the C0-Cu￿1Cu1ar programme. it saw over 10,000 music lessons delivered as well as
multiple recitals and performances which were brilliantly delivered by the pupils both in school and at venues around
the country. They also continue to inspire by hosting professional performances and exposing our pupils to what can
be achieved through dedication and hard work. Major school performances include..

NorriNGHAM HIGH SCHOOL
(a company limited by guarantee)
GOVERNORS, REPORT CONTINUED
Year ended 31 August 2024
Music Department (continued)
Speech Day
Autumn Concerts
Carol Services
Spring Concerts
Half termly Teatime Concerts
Supporting Major Drama productions
Summer Concert
All of these events ranged from audiences of 50-500+ from the grealer school community and beyond.
Drama Department
The Drama Department delivered the following slage productions:
Senior Play IY10-Y13) ChiGago'. 3 Sell out Evening perfomiances & a small perfomiance for the OAP
Christmas Lunch & Speech Day
Junior School Production helped run by pupils (Years 7-10) Joseph and his Technicolour Dreamcoat: 3
Evening PerfOrman￿S (one added by popular demand)
Year 9 & 10 Studio Productions
Year 10 & 11 Monologues and Plays
Gecko theatre Company Workshops
It was brilliant to have yet another year of stunning live perfomiances for parents. pupils and others part of the greater
school community. As well as our own live perfonnances, the Drama department ran a number of trips to live theatre
including a London overnight theatre trip to see Mrs Doubffire and Stanger things {Phoenix Theatre), a behind the
scenes tour of the Theatre Royal Drury Lane and a performance of Our Country's Good at the Lyric Hammersmilh
Theatre and Metamorphosis at Curve Theatre. Leicester. Nottingham itself remains a hotbed for theatrics productions
with students enjoying trips to see The History Boys at Theatre Royal & Royal Concert Hall Nottingham and Shrek the
Musical at the Theatre Royal amongst other productions linked to the curriculum.
Afterschool Programme
Pupils participate in a wde variety of activities ranging from the Combined Cadet Force, Scouts. Community Action,
Outdoor Education (including DofE), Young Engineers. Journalism (student voice) and a huge variety of clubs,
activities and societies.
Comblned Cadet Force {CCF)
In addition to activities mentioned earlier in this report, the popular and active CCF supports the Nottingham City
Remembrance parade at St. Mary's Church and the parade through the City, provides resources, such as the use of
the School's firing range facilities, to a local ATC unit, 2425 squadron, Tollerton. Our CCF also fundraises, with money
collected on Inspection Day donated to the Amiy Benevolent Fund. Last year one of our pupils was hand chosen to
play the last post at the Nottingham City remembrance service at the town hall a great honour for the pupil and the
School.
10

NOThINGHAM HIGH SCHOOL
(a company limited by guarantee)
GOVERNORS, REPORT CONTINUED
Year ended 31 August 2024
Afterschool Programme {continuedJ
Scouting
The Scout group helps local scout and guide groups to develop craft and design-based activities as well as hosting
scouts DOE and scout leaders, meetings and award presentation meetings. This also involves support for the arts in
and around the Nottingham community. The Scouts also host a number of community events including events such as
Fireworks night. Scouts remains one of the major ways the community and parents can volunteer and reciprocate all
the amazing things the school does for the community. Scouting continues to be a popular choice at the school with a
very active programme involving night hikes and overnight trips into the British outdoors.
Duke of Edinburgh
The School has a thriving Duke of Edinburgh's Award Scheme and regularly participates in expeditions. Last year the
Duke of Edinburgh scheme saw 67 Golds, 58 Silvers, and 95 and counting for the Bronze which crosses over the
academic year dates. This also saw our pupils complete over 5,486 hours of volunteering with social value of over
£28,965 and part of the 4,725,825 hours of volunleering in communities all over the UK as part of this programme. We
have one of the best completion rates within schools and this is due to the hard work of all the staff, Outdoor
Education, Teachers and Verifiers.
School Trips
The School is running and planning school trips which both support learning in the classroorn (super curricular trips)
and of course sports trips. We successfully ran trips lo Canada and the USA for Skiing and Malaysia for a mixed
Hockey Trip. From local visits to international ventures, the trips and visits programme ran over 200 trips last year
providing a large variety of opportunities for learning outside the classroom. A current list of the types of activities can
be found on the School's website. The School is very proud of the quality and variety of activities offered to our
students and the benefits derived from involvement in the various programmes. Bursary pupils are supported in trips
by the Headmaster's Bursary Fund so trips are more accessible to all.
Trips by numbers..
Last year we ran over 200 trips and visits
122 Day visits. 3,876 participants
8 Overseas visits, 315 participants
36 Residential visits. 1.545 participants
66 Adventurous visits. 2,750 participants
The Core Values of the programme
During the Autumn Term. extra-curricular assemblies are held to promote awareness amongst pupils of Ihe array of
activities on offer. Tutors provide regular guidance to encourage tutees to take opportunities to develop both as
students and as people. Through our Co-curriculum we promote skills in Resilience, Confidence, Creativity,
Teamwork, Leadership. Physical Health, Problem Solving. Well-being & Mindfulness. as well as promoting openness
to all cultureslgroups and service to others. This is fully integrated of Course as through school values, ExcelSen¢e,
Individuality. Curiosity, Respect and Empathy.
Community Action
The following activities took place during the year in support of local charities..
The School's Community Action group ha5 once again enjoyed a highly successful year, dedicated to supporting and
collaborating with local charities and organisations. The core mission has always been to ensure that our students play
a central role in contributing to the betterment of these causes, Ihereby embodying our School's Values of Excellence.
Empathy. Respect. Curiosity, and Individuality. This report will explore events held throughout the year, shed light on
how they have positively impacted our local community and. in turn. enriched the experiences of our students. These

NorriNGHAM HIGH SCHOOL
(a company limited by guarantee)
GOVERNORS, REPORT CONTINUED
Year ended 31 August 2024
Community Action (continued)
event5 can be categorised into Food Poverty, Primary School Partnerships, Gardening Partnerships. Christmas Gift
Appeals, and our engagement with the elderfy community.
e Food Bank Dro
Station
This year saw the School become a food bank drop station for Hope Nottingham. The Nottingham High School
community donated 489kg of food to Nottingham Food Banks be￿een May 2023 and May 2024. The School is
helping with Food Povety: ￿dIng the Homeless and Collaborating with Local Food Banks.
Feedin
the Homeless with Guru Nanak's Mission
Throughout Ihe year, our Year 10 and 11 students, in partnership with the Food and Nutrition Department, had the
privilege of working alongside Guru Nanak's Mission. Their task involved preparing meals and distributing them to the
homeless in Nottingham city centre. This particular event offered our students a profound first-hand understanding of
the challenges faced by the homeless, including issues related to mental health and financial hardship. It also provided
them with an exceptional opportunity to display empathy, work in partnership with the Gurdwara volunteers, and
positively contribute to the local community.
During the Christmas season, Year 8 students cooked up 75 portions of bolognese during their co-curri¢ular Food
Club. which the Year 11 Community Action team then served at GUN Nanak's Mission in the evening.
Beslwood and Bulwell Foodbank
Our Community Action team organised substantial appeals for the BeS￿0d and Bulwell Foodbank at Christmas
and in the summer term. As food poverty continues to escalate due to the rising ¢ost of living, our school's
contributions provided crucial support to those in need. Furthermore. Year 9, 10, and 11 students regularty visited the
Foodbank, assisting volunteers in sorting food parcels. managing supplies, and lending a hand wherever necessary.
These visits were thoughtfully aligned with major food donations, such as supennarkel appeals, ensuring our
assistance was most impactful.
Teachin
Assistant Da
In March 2024. our Community Action group volunteered at Huntingdon Academy for the day. Our students assumed
the role of Teaching Assistants, supporting pupils with their studies and offering friendly company during break and
lunch. The students exhibited professionalism, courtesy, and honed vital life skills such as resilience, effective
communication, teamwork. and at times. the ability to take initiative. This opportunity allowed our students to display
their individuality in their interactions with primary school pupils. showcasing high levels of respect and empathy.
Gardening Partnerships
Windmill Communi
Gardens
In June 2024, we took advantage of the excellent weather to engage in a day of gardening at the Windmill Community
Gardens, near Hyson Green. Our students took on the significant challenge of renovating an overgrown garden
se¢tion, constructing a pond path, and aiding the Garden's sustainability projects. What struck our students the mosl
was the Gardens. role in supporting local individuals with mental health issues and serving as a space for counselling
and garden therapy. Our students. efforts substantially advanced the Garden's projects for the benefit of the local
¢ommunity- This experience allowed our students to excel in their horticultural pursuits, collaborate effectively, and
nurture empathy for those dealing with mental health challenges.
Christmas Gift Appeal
Guru Nanak To
Bank A
eal
Alongside our Christma5 Appeal for the local food bank. our Community Action group organised an appeal to collect
gifts for children across Nottingham who might not have received a gift on Christmas Day if not for the efforts of Guru
Nanak's Mission and our compassionate donors. We were moved by the outpouring of gifts and proud to support this
heart-warming cause. Our students played a vital role in raising awareness for this appeal throughout the school via
their marketing efforts.
12

NOThINGHAM HIGH SCHOOL
{a company limited by guarantee)
GOVERNORS, REPORT CONTINUED
Year ended 31 August 2024
Engaging with the Local Elderly Community
Radford Care Group- New Partnership supporting a local group which provides daytime care for elderly members of
the community.
Communi
Christmas Lunch
In December 2023. we hosted our annual Community Christmas Lunch, extending a wami invitation to a large number
of elderly guests. They enjoyed a hearty Christmas meal in the School's Dining Hall, accompanied by our students who
provided excellent hospitality, served meals, guided them around the school, and distributed gifts. Furthermore, guests
had the privilege of taking in the first act of the School's Christmas production, leaving them deeply impressed by our
students, dramatic and musical talents. This event was undoubtedly a success, as our Community Action studenls
exhibited the highest levels of respect. empathy, and individuality while interacting with our guests.
In summary, our students conlinue to be at the heart of our Community Action endeavours. We have provided a
number of opportunities for them to develop our school values and we are delighted with the positive impact of our
student volunteers on the local community.
Working with others In the communlty
The School is committed to working with our local and wider communities. A number of the community partnership
projects are outlined in greater detail on the 'Schools Together, website.. Schools To
ether Nottin
ham Hi
h School
Case Studies
Some highlights of the Partnership Programme this year include:
Physics - 32 primary-aged children extended their problem-solving, creative thinking and leamwork skills by
taking on a series of practical challenges in the Physics Lab
Schools Cross Country event involving 390 pupils from over 20 local schools and backgrounds
Maths Masterclasses - Children Ihal applied for a bursary from 8 local schools, 22 girl and boy mathematicians
in Nottinghamshire were selected for our Mathematics Masterclasses, led by our A Level Maths students
English - Caroline Lawrence Talk Storytelling Workshop lo 60 local primary-aged children, each leaving with
signed books to inspire reading
Wonderdome - 79 studenls representing 24 local primary schools visited a Planetarium hosted here. and were
immersed in the wonders of space! We also combine this with our taster days
Donations.. Vital teaching equipment projectors. computer monitors. text books etc.
Hope Food Bank.. Setting up of the School becoming a food donation hub. Weekly donating of vital food
resources to those most in need
The activities set out in the following paragraphs are a summary of a wide range of ways in which the School plays an
active role in supporting the local community.
Working wlth other primary and secondary schools
The School plays a very active role in working with and supporting local primary and secondary schools, reaching over
1.600+ children and young people through hosting a programme of educational and sporting activity days throughout
the academic year. Local primary schools were invited to events such as a Harry Potter Biology Day, Physics and
Maths Challenge days, and other sporting events including Netball. Football, Kwik Cricket and Cross-country
Festivals.
This year's programme also included our inaugural Choir Festival and VEX Robotics Day, giving local primary-aged
children aspirational access to the School's facilities.
13

NOThINGHAM HIGH SCHOOL
(a company limited by guarantee)
GOVERNORS, REPORT CONTINUED
Year ended 31 August 2024
Working with other primary and secondary schools (continued)
As part of the Royal Institution's Maths Masterclass programme, in Autumn 2023 we hosted 33 Year 9 students from 9
secondary schools in Nottinghamshire for a 6-week series of events exploring mathematics beyond the
curriculum. These 2.5-hour sessions covered a variety of industries from engineering to finance and logistics.
Working with universities
The School has regular communication with a number of universities through its Access to Higher Education and
Careers Programmes. Some examples of practical links include., the Chemistry Department has strong links with
departments at the Universities of Nottingham and Leicester, and the Maths Department linking with Nottingham Trent
University as well as the recent work on Sustainability.
Further educational provision across the local and wider community
Staff have various roles in charities and clubs, are involved in sports coaching and are govemors of local schools. In
total. some 200 hours per month are given by staff to these causes and activities.
Outside of school life and where allowed, staff from all areas of the School give their time and talents to a wde range
of activities and causes. Teachers within a large number of departments are senior examiners or senior moderators,
are course advisers or write text books. Members of the School have also contributed to the development of other
schools by accepting roles as govemors at schools such as Bleasby Primary. Heage Primary and All Saints Anglican
and Methodist Primary Schools. Our Director of Music is an Arts Award Gold Adviser, our Librarian speaks to local
History Societies such as Lowdham Local History Society about the history of our School. Whenever possible, there is
significant involvement in community sport, including Regional ESAA Track and Field Secretary, hosting Nottingham
Forest Netball and organising and hosting the East Midlands, regional qualifiers for the National Secondary School
Swimming Relay Championships {ESSA).
Facilities at the Heart of Nottingham Communlty
Access to Facilities The school offered its facilities at either a discounted rate or free of charge, to benefit various
societies and organisations within Ihe local community:
MCC Foundatlon Crl¢ket Hub - Hosting and providing the facilities for talented young cricketers from state
schools across the region.
The Czech & Slovak Club - Providing classrooms for Language School teaching on weekends, for language
and cultural aclivities.
Punjab Society- Providing classrooms on a weekly weekend basis for language and cultural activities.
Nottinghamshlre Prlmary Schools Chess Association
Hosting tournaments in the Dining Hall and
classrooms.
Parking for Trinity Church on Sundays - Providing free parking to a local church community.
Nottingham Scouts - Providing rehearsal space for the local Scouts and Guides across an evening and
weekend schedule.
Nottlnghamshlre Police - The School's Player Hall was reserved as the police's HQ for Nottingham's annual
Goose Fair.
Lace & Bobbin Society The School's Dining Hall is given at a discounted rate for one of the society's event
and their AGM.
Nottinghamshire County Netball Academy - Classroom meeting space provided at a discounted rate.
Loughborough Lightning Netball Free hire of the sports hall each week for netball training within the city.
Nottingham Forest Netball - Partnership School for Nottingham Forest Netball. and hosting weekly training
sessions for Under 85, Under 9s, Under 10s. Under 11 s. Under 14s and Under 15s.
14

NOThINGHAM HIGH SCHOOL
(a company limited by guarantee)
GOVERNORS, REPORT CONTINUED
Year ended 31 August 2024
Facilities (continued)
CRY Screenings - We gave our venue free of charge to Rushcliffe Athletics Club to hold CRY screenings on
the 25th July.
Childline team building Conference - Free Roomlno Charge for room hire and gave a discounted rate for
refreshments on site.
Helping Kids Achieve Basketball- Free hire of the Player Hall for the participants, award ceremony.
Early Career Teachers (ECT) Regional Centre - The school hosts the East Midlands ECT once a term and
delivers a full day to assist in the training of new teachers. Our Deputy Head (Strategy & International Projects)
sits on the Independent Schools Teacher Induction Panel national working paty and helps progress every new
ECT in the East Midlands as well as the staff at the School.
The Heads, Conference IHMC)- Hosted training for educational specialists.
Rotary Club of Nottingham- Use of swimming pool for Swim the Lakes Fundraiser.
English Speaklng Unlt {ESU)- use of the school's venue for meetings and events.
The Drama Department facilitates the Nottingham Shakespeare Society open-book perfomiance. whilst School choirs
and musical groups perfomi at a wde variety of local venues, including the Royal Concert Hall. Staff from across the
School are directly involved in supporting local music. playing regularty with Nottingham Symphony Orchestra,
Nottingham Chamber Orchestra and the Orchestra of the Restoration at st Mary's Church.
Further community links
The School holds an ongoing partnership with the Hockey Centre to ensu￿ the pitches are widely available for
community use and actively supports the Hockey in the Community Programme. Examples of use during the year
include..
The Chartered Society of Physiotherapy, the Midlands Driving Instructors Group and Nottingham Speakers
Club have all used the conference facilities.
Beeston Hockey Club Flyerz and Nottinghamshire Country Cricket Club used the pitches to host a programme
of sessions aimed at players with special educational needs and disabilities.
The Hockey Centre has also been doing vast amounts of Outreach providing access for minority groups within
Ihe community to try and make the Hockey Centre a hub for the local community where everyone feels
welcome no matter where they originate.
The Hockey Club continues as one of the new Talent Academies for the sport, and trials were hosted for
players aged 15-18 and for juniors, as well as regular training camps for Great Britain and England.
In the Summer of 2023. School hockey pitches hosted Ihe England over 35 & over 40 World Cup bringing
nations from around the world together al one of the largest hockey facilities in the worfd.
The School holds the Lord Lieutenant's Award for Promoting Voluntary Service
Nottinghamshire. In a normal year, our voluntary service includes:
prestigious award in
Through the Duke of Edinburgh Scheme alone, over 5,486 volunteer hours (an increase of almost 100 hours
from last yearf5 figures} are recorded by our students and added to this can be volunteer hours by students put
in through Community Action and those involved in volunteerin9 outside these schemes.
We have a significant number of students aged 16 or over who volunteer in care home5, veterinary practices,
scout groups and the like because they recognise the benefits to other5 and themselves.
15

NorriNGHAM HIGH SCHOOL
(a company limited by guarantee)
GOVERNORS, REPORT CONTINUED
Year ended 31 August 2024
Further community links (continued)
The School has close links with a number of city centre churche5, particularly St. Mary's where the School was
founded and the venue for our annual Founder's Day Service. The Carol Concert and further musical events tske
place in the church.
The School regularly provides a trumpeter to sound the Lasl Post at the Remembrance Service organised by the City
Council at the Town Hall and this year saw a very memorable performance played brilliantly by our top CCF
bugleltrumpeter.
The School plays an active role in supporting our immediate community in and around the Arboretum area of
Nottingham, working with the City Council to improve traffic flow in the area and promoting good behaviour and a
social conscience wthin the community.
The provision of an extensive school bus service significantly reduces the need for car journeys to and from the
School.
Charlty fundraising
Driven by the Student Leadership Team, knhole School charities, were selecled by our student body for 2023-24
and supported by the full School community in a variety of fund-raising activities. The selected charities were Their
World & Mind and a tolal of just over £3.500 each (over £7,000) was raised following a student coordinated charity
events throughout the year. Sleeping bags and other items were also donated by the School to help the local homeless
survive the winter monlhs.
Charities are also supported through our School House system, with each House selecting charities annually to
support. Money is raised through sponsored events such as bike rides. runs. cake sales, non-unifomi days and Tutor
Set collections and practical support such as clothing collections and volunteer hours are also coordinated.
For the academic year 2023-24 the House charities and amounts raised were..
Cooper's.. Chardi Kala Foundation - £493
Maples,: Refugee Roots - £270
Mellers,: Operation Orphan - £725
White's: Aid2Gambia - £354
Further whole-school charity events are very much encouraged and supported. Over the last year, money has been
raised for Ihe BBC Children in Need Appeal, Comic Relief, Mountain Rescue, Notts LGBT+ counselling group. Hector's
House including..
Notts LGBT+ Network - £2,497
Considerable (non-monetary) donations were also arranged for the Bestwood and Bulwell Foodbank, The Guru
Nanak's Mission Toy Collection Appeal, and the Ukrain& Appeal.
The Infant and Junior School Rised over £2,999 for Footprints, as well as fundraising for Guide Dogs charity £472.
Profits from Young Enterprise activities £459 were also donated to state schools who othemise wouldn't be able to
take part in the programme.
In addition, the School took part in a collection for the Royal British Legion Poppy Appeal Nottinghamshire, Red Nose
day and Children in Need. These raised a further £1,395.
16

NorriNGHAM HIGH SCHOOL
{a company limited by guarantee)
GOVERNORS, REPORT CONTINUED
Year ended 31 August 2024
Economic Impact
Using a tool developed by Oxford Economics for the Independent Schools Council, we are able to quantify the
conlribution made by the School to the national and local economy as follows..
The School contribules in the region of £51.6m to Ihe GDP of the UK economy.,
Over 600 UKjobs are supported, including the 294 people directly employed by the School; and
The School contributes over £16.4m in taxes and generates savings of £7.26m for the UK Govemment by
enabling pupils to join our School rather than a state school.
FINANCIAL REVIEW
Results for the year
Total incoming resources We￿ £22.8m12022-23.. £21.9m). The operational surplus for the year was £0.37m (2022-
23: £0.44m) see page 25.
Net Income for the year was £0.95m (2022-23= £0.21m). The main reason for the year on year increase is the £0.59m
net investment gain compared with a net £0.23m investment loss in 2022123. The majority of this gain £0.4m was
realised by our permanent endowment investments. The School is unable to readily access these reserves but does
benefit from the income earned as it is used to fund bursary places. The School's cash reserves were boosted towards
the end of the year with a significant number of parents pre-paying their 2024125 Fees. The underlying cash position of
the School remains largely stalic year on year and, as such, the pre-paid fees will help smooth Ihe inlra-year cashflow
as VAT is introduced in January 2025.
Capital investments and fundlng
Capital expenditure in the year was £1.38m (2022-23.. £1.22m). This predominantly relates to Ihe completion of the
Wellbeing Centre and Ihe ongoing window replacement in the main school building.
Reserves pollcy
Govemors aim to hold funds which are sufficient but not excessive in order to fund Current operational requirements
and future development. They are mindful of the need to maintain a level of reserves which enables the School to
respond to circumstances and miligate risk. including ensuring compliance with the terms of bank loans.
Govemors review the reserves policy on a regular basis. The School aims to hold, at 31 August each year. reserves in
the form of unrestricted cash and investments which total no less than one term's expenditure (excluding depreciation)
plus the capital repayments due on term loans during the next 12-month pertod. As at 31 August 2024 the School's
targel level of cash and investments a¢¢ording to this measure was £6.61 m. The value of free reserves held at the
year-end was £7.52m (2022-23.. £7.12m). The School's reserves are therefore above the targel level set out in the
policy. At the end of the year, the School's totsl reseNes were £32.54m (2022-23: £31.59m). including £11.89m of
unrestricted funds (excluding designated funds) (2022-23-. £11.36ml and £16.15m of endowment funds (2022-23-
£15.96ml. The School's total reserves include £19.61m, which could only be realised by disposing of tangible fixed
assets. The Govemors rernain ¢onfident that the School is able to meet its financial obligations as they fall due, as well
as continuing to invest in the fabric of the buildings and the facilities and equipment required to provide an excellent
education. The School continues to generate an annual surplus after meeting its financial obligations. There is an
ongoing focus on financial planning to identify additional sources of revenue and variable cost savings to counter the
effects of VAT on fees and the removal of other tsx reliefs on the provision of education which could reduce the
number of parents able to afford private schooling.
Remuneration of senior employees
The remuneration of most senior employees is based on an assessment of the role, responsibility and experience of
the individual by reference to national pay scales. In some instances, the remuneration is determined by Govemors
through the Development Committee following their assessment of the aforementioned criteria where relevant, as well
as giving due consideration to comparable market rates.
17

NorriNGHAM HIGH SCHOOL
(a company limited by guarantee)
GOVERNORS, REPORT CONTINUED
Year ended 31 August 2024
Investment policy and objectives
The School's investments are managed by Rathbone Investment Management Ltd on a discretionary management
basis. The Governors, Investment Sub-committee meets at least each year to review our investrnent portfolio which
does include the perf0rnan￿ of the share portfolio against agreed benchmarks.
In common with other holders of market investments. the School has continued to be subject to market volatility since
the end of the financial year. However, the Govemors are aware that the investments are held for long term income
generation and capital growth rather than short term benefits. The Governors are satisfied wilh Ihe performance of
the portfolio for the year.
Future Plans of the Business of the School
Going into 2024125, management are continuing to look for cost savings to offset the increasing costs due to the loss
of business rate relief and increases in National Insurance payments.
Strategy and Development
The School is keen to continue to build upon its academic successes and to maintain its position as the top performing
School in the region.
The School continues to work with its long-term partner to identify opportunities to open several overseas schools with
the Nottingham High School brand over the next 6 years. Income arising from these operations will be used by the
School to help invest in its domestic operation.
The Govemors hold joint Strategy Meetings with the Senior Management Team on a regular basis, and the
Headmaster produces an Annual Report which includes an annual update on progress against the School Strategic
Development Plan.
Going Concern
At the time of approving the financial statements. the Governors have a reasonable expectation that the group and the
School have adequate resources to continue in operational existence for the foreseeable future. Thus, the Governors
continue to adopt the going concern basis of accounting in preparing the financial statements.
Followng the uncertainty presented by the current economic climate. management has reassessed the going concern
assumption and confirms that it remains appropriate based on the strong cash and net asset position which enables it
to sustsin its business and meet its liabilities as they fall due despite the situation.
The Govemors make this assessment in respect of a period of at least one year from the date of authorisation for issue
of the financial statements and have concluded that the School have adequate resources to continue in operational
existence for the foreseeable future and there are no material uncertainties about the School's ability to continue as a
going concern. Thus, they continue to adopt the going concern basis of accounting in preparing the financial
statements.
18

NOThINGHAM HIGH SCHOOL
(a company limlted by guarantee)
GOVERNORS, REPORT CONTINUED
Year ended 31 August 2024
OTHER INFORMATION
Envlronmental
Nottingham High School have used the GHG Protocol Corporate Accounting and Reporting Standard (revised edition).
Further emission factors were used from UK Government's GHG Conversion Factors for Company Reporting 2024.
The table below shows the key metrics thal are being reported for Streamlined Energy and Carbon Reporting in the
financial year 1st September 2023 to 31st August 2024.
Summary Data for FY 111 September 23 to 311t August 24
Value
otal Energy Use
3.920,964kWh
otal Greenhouse Gas Emissions (market-based)
750.74 tC02
otal Students
1.176
Intensity Ratio
0.64 tC02 per student
The table below provides a comparison of current emissions relative to the previous financial years. It is clear that
there has been a year-on-year reduction in energy consumption, emissions and intensity ratio to the cu￿ent 2023124
financial year.
Area of Measuremont
FY 1st Sept 21 to
31st Au
22
5,001.6 Mwh
FY 1st Sept 22 to
31st Au
23
4.616.8 Mwh
FY 1st Sept 23 to
31st Au
24
3,920.96 Mwh
Varlance to prevlous
ear
15.1 % decrease
nergy Use
reenhouse Gas Emissions
936.7 tC02e
882.1 tC02e
750.7 tC02e
14.9 % decrease
Intensity Ratio
0.81 tC02e per
student
0.75 tC02e per
student
0.64 tC02e per
student
14.80/0 decrease
Over the last year. Nottingham High School has invested in numerous projects. aimed at impro)ring efficiency and
reducing energy consumption, as well as refurbishment programmes, these activities are summarised below=
Continued LED lighting upgrades to corridors and offices
LED Upgrade in Senior Library
Replacement double glazed windows to west wing first and second floor of the senior school
Replacement double glazed windows to CCF Building
Boiler upgrade in Ristes Garage
Boiler upgrade in Grounds team House.
Overall there has been a 9.4% reduction in eleclricity and a 16.20/0 reduction in gas. when comparing 2022123 to
2023124 academic years. The aforementioned projects will have contributed to the annual energy savin9s, which have
also reduced the emissions for the school.
19

NorriNGHAM HIGH SCHOOL
(a company limited by guarantee)
GOVERNORS, REPORT CONTINUED
Year ended 31 August 2024
Section 172
In accordance with Section 172 of the Companies Act 2006, the Governors complied with their duty to promote the
success of the School through their ￿VIeW and challenge of the budget, 10-year plan. and a number of reports on all
aspects of the School's operations and performance. Key decisions are made with the long-term interests of the
School and its stakeholders in mind.
Nottingham High School is an equal opportunities organisation and is committed to equal treatment for all, regardless
of an individual's race, sex. disability. religion or belief, sexual orientation, gender reassignment, pregnancy or
maternity. The School continues to recognise the benefit of timely and effective communication with employees and to
ensure a common awareness of the financial performance of the School.
The School aims to provide clear, fair and competitive temis of employment and remuneration and this is underpinned
by a commilment to provide ongoing training to support staff not just in their day to day roles but to provide them with
skills to further their career. The Governors will not tolerate any physical, mental or sexual harassment of the School's
employees.
High standards of business conduct a￿ always maintsined. The School engages suppliers through tender processes,
ensuring payment lerms are set which foster a good relationship. Regular customer meetings are held with key
suppliers to understsnd the relationship and ensure both the needs of the School and the supplier are being met in the
most efficient and economical way.
The Governors a￿ mindful of the School's impact on the community and environment. We continue to deliver on
number of projects to support the environment both large-scale e.g. single glazing replaced with double glazing, and
smaller scale e.g. promoting second-hand sports kit and uniform sales. We support our local community through
number of partnership and community action activities. many of which are recorded on the 'Schools Together, website.
GOVERNORS, RESPONSIBILITIES
The Govemors (who are also directors of Nottingham High School for the purposes of company law) are responsible for
preparing the Governors, Report and the financial slatemenls in accordance with applicable law and United Kingdom
Accounting Standards (United Kingdom Generally Accepted Accounting Practice).
Company law requires the Govemors to prepa￿ financial statements for each financial year, which give a true and fair
view of the state of affairs of the School and of the incoming resources and application of resources, including the
income and expenditure, of the School for the year. In preparing these financial statements. the Govemors a￿ required
to..
select suitable accounting policies and then apply them consistently.
observe the methods and principles in the Charities SORP-
make judgements and estimates that are reasonable and prudent:
state whether applicable UK Accounting Stsndards have been followed. subject to any material departures
disclosed and explained in the financial stalements. and
prepare the financial statements on the going concem basis unless it is inappropriate to presume that the
School will continue in operation.
The Govemors are responsible for keeping proper accounting records that disclose with reasonable accuracy at any
time the financial position of the School and enable them to ensure Ihat the financial statements comply with the
Companie5 Act 2006. They are also responsible for safeguarding the assets of the School and hence for taking
reasonable steps for the prevention and detection of fraud and other irregularities.
The Govemors are responsible for the maintenance and integrity of the corporate and financial infomation included on
the School's website. Legislation in the United Kingdom governing the preparation and dissemination of financial
statements may differ from legislation in otherjurisdictions.
20

NorriNGHAM HIGH SCHOOL
(a company limited by guarantee)
GOVERNORS, REPORT CONTINUED
Year ended 31 August 2024
AUDITOR
RSM UK Audit LLP has indicated its willingness to continue in office.
DISCLOSURE OF INFORMATION TO AUDITOR
In so far as the Governors are aware:
there is no relevant audit information ofwhich the School's auditor is unaware,. and
the Govemors have taken all steps that they ought to have taken to make themselves aware of any relevant
audit information and to establish that the auditor is awa￿ of that information.
The Governors, Report is approved by order of the Board of Governors and the Strategic Report (include therein) is
approved by the Board of Governors in their capacity as the directors at a meeting on Z4/ 1 / z5
and
signed on its behalf by..
H L AVISON
Company Secretary
21

NOTllNGHAM HIGH SCHOOL
(a company limited by guarantee)
STATEMENT OF FINANCIAL ACTIVITIES
(INCLUDING INCOME AND EXPENDITURE ACCOUNT)
Year ended 31 August 2024
Permanent
Endowment
Funds
£'ooo
Unrestricted
Funds
£'ooo
Restricted
Funds
£'ooo
Total
2024
£'ooo
Total
2023
£'ooo
Notes
Income and endowments from:
Donations, legacies and grants
Charitable activities
Olher trading activities
Investments
660
21.268
299
435
43
703
21,268
299
538
589
1g,660
305
537
103
Total income and endowments
22,662
43
103
22,808
21,091
Expenditure on:
Raising funds
Charitable activities
Other
556
21,468
240
556
21.647
240
472
19,948
228
16
163
10
Total expenditure
Net Incomel(expendlture) before
net gainsl(los$es) on
Investments
22,264
16
163
22.443
20.648
398
27
{60)
365
Net gainsl(losses) on investments
Net income
17
343
741
245
185
588
953
230
213
27
Gross transfer be￿een funds
25127
Net movement in funds
741
27
185
953
213
Reconciliatlon of funds
Total funds brought forward
15,620
15,964
31.590
31.377
Total funds carried foN4ard
16,361
33
16,149
32.543
31,590
25

NorriNGHAM HIGH SCHOOL
{a company limited by guarantee)
INDEPENDENT AUDITOR'S REPORT
TO THE MEMBERS OF NOThINGHAM HIGH SCHOOL(CONTINUED)
sn identifying and assessing risk5 of material misstatement in respect of irregularities. including fraud, the audit
engagement team..
obtsined an understanding of the nature of the sector, including the legal and regulatory framework that the
charitable company operates in and how the charitable company is complying with the legal and regulatory
framework.,
inquired of management, and those charged with governance, about their own identification and assessment
of the risks of irregularities, including any known actual, suspected or alleged instances of fraud.,
discussed matters aboul non-compliance with laws and regulations and how fraud might occur including
assessment of how and where the financial statements may be susceptible to fraud.
As a result of these procedures we Gonsider the most significant laws and regulations that have a direct impact on the
financial stalements are FRS 102, Charities SORP {FRS 102), Companies Act 2006, Charities Act 2011, the charitable
company's governing document, tax legislation and Charities (Protection and Social Investment) Act 2016. We
performed audii procedures to detect non-compliances which may have a material impact on the financial statements
which included reviewing the financial statements including the Governors, Report. remaining alert to new or unusual
transactions which may not be in accordance with the goveming documents, inspecting correspondence with local tax
aulhorities and evaluating advice received from extemal advisors.
The most significant laws and regulations that have an indirect impact on Ihe financial slatements are The Education
(Independent School Standards) Regulations 2014, Keeping Children Safe in Education under section 175 of the
Education Act 2002. and the UK General Data Protection Regulation (UK GDPRI. We performed audil procedures to
inquire of management and those charged with govemance whether the charitable company is in compliance wilh
these law and regulations and inspected correspondence with regulatory authorities.
The audit engagement team identified the risks of management override of controls and revenue recognition as the
areas where the financial statements were most susceptible to material misstatement due to fraud. Audit procedures
performed included but were nol limited to tesling manual joumal entries and other adjustments and evaluating the
business rationale in relation to any significant, unusual transactions and transactions entered into outside the normal
course of business and testing a sample of revenue transactions around the year end to ensure they were recognised
in the correct period.
A further description of our responsibilities for the audit of the financial statements is located on the Financial Reporting
Council's website at http..1￿.fr¢.org.Uklauditor5respon$1bllitles. This description foms part of our auditor's report.
Use of our report
This report is made solely to the Charitable company's members, as a body, in accordance with Chapter 3 of Part 16 of
the Companies Act 2006. Our audit work has been undertaken so that we might state to the Company's members
those matters we are required to state to them in an auditor's report and for no other purpose. To the fullest extent
permitted by law, we do not accept or assume responsibility to anyone other than the Charitable company and the
charilable company's members as a body, for our audit work, for this report, or for the opinions we have formed.
Gareth Jones (Senior Statutory Auditor)
For and on behalf of RSM UK Audit LLP, Statutory Auditor
Chartered Accounlants
Rivermead House
7 Lewis Court
Grove Park
LeiGester
Leicestershire
LE19 1SD
Date:
24

NorriNGHAM HIGH SCHOOL
{a company limited by guarantee)
INDEPENDENT AUDITOR'S REPORT
TO THE MEMBERS OF NorriNGHAM HIGH SCHOOL(CONTINUED}
Matters on which we are required to report by exception
In the light of the knowledge and understanding of the charitable cornpany and its environment obtained in the course
of the audit. we have not identified material misstatements in the Directors, Report or the Strategic Report included
within the Governors, Report.
We have nothing to report in respect of the following matters where the Companies Act 2006 requires us to report to
you if, in our opinion..
adequate accounting records have not been kept, or retums adequate for our audit have not been received from
branches not visited by us., or
the financial statements are not in agreement with the accounting records and retums., or
certain disclosures of Governors, remuneration specified by law are not made., or
we have not received all the information and explanations we require for our audit.
Responsibilities of Governors
As explained more fully in the Statement of Governors, Responsibilities set out on page 20, the Govemors (who are
also the directors of the charitable company for the purposes of company lawl are responsible for the preparation of
the financial statements and for being satisfied that they give a true and fair view, and for such intemal control as the
Govemors detemiine is necessary to enable the preparation of financial statements that are free from material
misstatement, whether due to fraud or error.
In preparing the financial statements, the Govemors are responsible for assessing the charitable company's ability to
continue as a going concern, disclosing, as applicable, matters related to going concem and using the going concern
basis of accounting unless the Governors either intend to liquidate the Charitable Company or to cease operations, or
have no realistic alternative but to do so.
Auditor's responsibilities for the audit of the financial statements
Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from
material misstatement, whether due to fraud or error, and to issue an auditor's report that includes our opinion.
Reasonable assurance is a high level of assurance, but is not a guarantee that an audit conducted in accordance with
ISAS (UK) will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and
are considered material if, individually or in the aggregate. they could reasonably be expected to influence the
economic decisions of users taken on the basis of these financial statements.
The extent to which the audit was considered capable of detecting irregularities, including fraud
Irregularities are instances of non-compliance with laws and regulations. The objectives of our audil are to obtain
sufficient appropriate audit evidence regarding compliance with laws and regulalions that have a direct effect on the
determination of material amounts and disclosures in the financial statements, to perform audit procedures to help
identify instances of non-compliance with other laws and regulations that may have a material effect on the financial
stalements. and to respond appropriately to identified or suspected non-compliance with laws and regulations
identified during the audit.
In relalion to fraud, the objectives of our audit are to identify and assess Ihe risk of material misstatement of the
financial statements due to fraud, to obtain sufficient appropriate audit evidence regarding the assessed risks of
material misstatement due to fraud through designing and implementing appropriate responses and to respond
appropriately to fraud or suspected fraud identified during the audit.
However, it is the primary responsibility of management, with the oversight of those charged with governance. to
ensure that the entity'5 operations are conducted in accordance with the provisions of laws and regulations and for the
prevention and detection of fraud.
23

NorriNGHAM HIGH SCHOOL
(a company limited by guarantee)
INDEPENDENT AUDITOR'S REPORT
TO THE MEMBERS OF NOThINGHAM HIGH SCHOOL
Opinion
We have audited the financial statements of Nottingham High School {the 'charitable company,) for the year ended
31 August 2024 which comprise the Statement of Financial Activities (including Summary Income and Expenditure
Account), the Balance Sheet, the Statement of Cash Flows and notes lo the financial statements, including a summary
of significant accounting policies. The financial reporting framework that has been applied in their preparation is
applicable law and United Kingdom Accounting Standards, including FRS 102 'The Financial Reporting Standard
applicable in the UK and Republic of Ireland. (United Kingdom Generally Accepted Accounting Practice).
In our opinion the financial statements-
give a true and fair view of the state of the charitable company's affairs as at 31 August 2024 and of its incoming
resources and application of resources, including its income and expenditure. for the year then ended.,
have been properly prepared in accordance with Uniled lQngdom Generally Accepted Accounting Practice., and
have been prepared in accordance with the requirements of the Companies Act 2006.
Basls for opinion
We conducted our audit in accordance with Intemational Standards on Auditing (UK) (ISAS {UK)) and applicable law.
Our responsibilities under those standards are further described in the Auditor's responsibilities for the audit of the
financial ststements section of our report. We are independent of the charitable company in accordance with the
ethical requirements that are relevant to our audit of the financial statements in the UK, including the FRC'S Ethical
Standard and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that
the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion.
Conclusions relating to going concern
In auditing the financial statements, we have concluded that the Govemors, use of the going concern basis of
accounting in the preparation of the financial statements is appropriate.
Based on the work we have performed, we have not identified any material uncertainties relating to events or
conditions that, individually or collectively, may cast significant doubt on the charitable company's ability to continue as
a going concem for a period of at least ￿e1ve months from when the financial stalements are authorised for issue.
Our responsibilities and the responsibilities of the trustees with respect to going concem are described in the relevant
sections of this report.
Other information
The other infomiation comprises the information included in the Annual Report other than the financial statements and
our auditorfs report thereon. The trustees are responsible for the other infomiation contained within the Annual Report.
Our opinion on the financial statements does not cover the other information and. except to the extent othemise
explicitly stated in our report, we do not express any form of assurance conclusion thereon.
Our responsibility is to read the other infomiation and, in doing so, consider whether the other information is materially
inconsistent with the financial statements or our knowledge obtained in the course of the audit or othernise appears to
be materially misstated. If we identify such malerial inconsistencies or apparent material misstatements, we are
required lo determine whether this gives rise lo a material misstatement in the financial statements themselves. If,
based on the work we have performed. we conclude that there is a material misstatement of this other information, we
are required to report that fact.
We have nothing to report in this regard.
Opinion on other matters prescribed by the Companies Act 2006
In our opinion, based on the work undertaken in the course of the audit.,
the information given in the Governors, Report, which includes the Directors. Report and the Strategic Report
prepared for the purposes of company law. for the financial year for which the financial statements are prepared is
consistent with the financial statements., and
the Directors. Report and Strategic Report included in the Governors, Report have been prepared in accordance
wth applicable legal requirements.
22

NorriNGHAM HIGH SCHOOL
(a company limited by guarantee)
BALANCE SHEET
At 31 August 2024
Notes
2024
£'ooo
2023
£'ooo
£'ooo
£'ooo
Fixed assets
Tangible assets
Investments
15
16&17
19,607
16,788
19,675
16,078
36,395
35,753
Current assets
Stock
Debtors
Cash at bank and in hand
18
19
65
593
3,525
735
9,235
9,970
4,183
Current liabilities
Creditors- amounts falling
due within one year
20
(8,157)
{2,434J
Net current assets
1,813
1,749
Total assets less current liabilities
38.208
37,502
c￿ditorS - amounts falling due
after more than one year
21
(5.665)
(5,912)
Net assets
32,543
31,590
The funds of the charity:
Permanent Endowment
25
16.149
15,964
Restricted income funds
26
33
Unrestricted funds
Designated funds
Other unrestricted funds
27
4.471
11,890
4,260
11,360
Total unrestrlcted funds
16,361
15,620
Total charity funds
32,543
31,590
The financial statements We￿ approved and authorised for issue by the Board of Govemors on 2¢1 Ilz5 and signed
on behalf of the board of Govemor5 by..
ks
Governor
JSJac
er
so
Company registration number 04521284
26

NOThINGHAM HIGH SCHOOL
(a company limited by guarantee)
STATEMENT OF CASH FLOWS
Year ended 31 August 2024
Notes
2024
2023
£'ooo
£'ooo
Cash flows from operating activities:
Net cash provided by operating activities
28
7,102
904
Cash flow from investing activities:
Dividends. interest and ￿nt received from investments
Payments to acqui￿ langible fixed assets
Payments for investments
Proceeds from sale of investments
538
(1,117)
(1.603)
1,481
537
(1,044)
(1,176)
1,132
Net cash used In Investlng activities
(701)
(551)
Cash flow from financing activities:
Repayment of bank loans
Repayment of finance leases
Inte￿$t paid
(3501
(1011
(240)
(342)
(108)
(228)
Net cash used in financing actlvltles
(691)
(678)
Change in cash and cash equivalents in the year
Cash and cash equivalents at the beginning of the reporting year
5,710
1325)
3,850
3.525
Cash and cash equivalents at the end of the reporting year
9,235
3,525
27

NOThINGHAM HIGH SCHOOL
(a company limited by guarantee)
NOTES RELATING TO THE FINANCIAL STATEMENTS
Year ended 31 August 2024
Accounting policies
General information and basis of preparation
Nottingham High School ("the School"} is a company limited by guarantee and is incorporated in England and
Wales. It is also a registered charity at the Charity Commission for England and Wales. In the event of the
School being wound up, the liability in respect of the guarantee is limited to £10 per member of the School. The
address of the registered office is given in the officers and advisors information on page 2 of these financial
statements. The nature of the School's operations and principal activities are that of the provision of an
educational environment that will develop to the full. the talents of able children.
Basls of accounting
The School constilutes a public benefit entity as defined by FRS 102 and has therefore applied the relevant
public benefit requirements of FRS 102. The financial statements have been prepared in accordance with
Accounting and Reporting by Charities.. Statement of Recommended Practice applicable to charities preparing
their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland
{FRS 1021 Charities SORP (FRS 102}. the Financial Reporting Standard applicable in the United Kingdom and
Republic of Ireland, including adoption of the amendments issued in December 2017 {FRS 102), the Charities
Act 2011, the Companies Act 2006 and the UK Generally Accepted Practice as it applies from 1 January 2019.
The financial stalements have been prepared under the historical cost convention as modified by the inclusion of
investments. The financial statements are prepared in sterling which is the functional currency of the School and
rounded to the nearest £1.000. ex￿p1 where otherwise indicated.
On 1 September 2002, the operations and non-permanent endowment assets of the Foundation of Nottingham
High School were transferred to the School, subject to and conditional upon the issue and subsequent sealing of
a Scheme to this effect by the Charity Commissioners. The Scheme was sealed on 23 August 2007.
The significant accounting policies applied in Ihe preparation of these financial statements are set out below.
These policies have been consistently applied lo all years presented unless otherwise stated.
Consolidated Financial Statements
In the opinion of the Governors, the School and its subsidiary undertaking comprise a large sized group. The
Governors have not prepared consolidated financial statements as the subsidiary undertaking has had little
activity in the year and the Govemors consider this to be immaterial to the group.
These financial statements present information about the individual school, Nottingham High School and not
about the group.
Golng concern
At the time of approving the financial statements, the Govemors have a reasonable expectation that the group
and the School have adequate resources to continue in operational existence for the foreseeable future. Thus,
the Governors continue to adopt the going concem basis of accounting in preparing the financial statements.
Following the uncertainty presented by the current economic climate. management has reassessed the going
con¢em assumption and confirms that it remains appropriate based on the strong cash and net asset position
which enables it to sustain its business and meet its liabilities as they fall due despite the situation.
The Governors make this assessment in respect of a period of at least one year from the date of authorisation
for issue of the financial slatements and have concluded that the School have adequate resources to continue in
operational existence for the foreseeable future and there are no material uncertainties about the School's ability
to Gontinue as a going concern. Thus, they continue to adopt the going concern basis of accounting in preparing
the financial statements.
28

NorriNGHAM HIGH SCHOOL
(a company limited by guarantee)
NOTES RELATING TO THE FINANCIAL STATEMENTS (CONTINUED)
Year ended 31 August 2024
Accounting policies {continued}
Funds
The School's Funds are split into three categories.. unrestricted funds (including designated funds), restricted
funds and permanent endowment funds. A brief outline of the nature of these funds is as follows..
Unrestricted funds may be expended at the discretion of the Governors in furtherance of the objects of Ihe
School. If part of an unrestricted fund is earmarked for a particular purpose it is shown as a designated fund.
This designation has an administrative purpose only and does not legally restrict the Governors, discretion to
apply Ihe fund.
Restricted funds are funds subject to specific trust as declared by the original donorlsl but which are still within
the objects of the School. The income of the reslricted funds may only be expended in accordance with the
terms of the specific Irust and the capilal may or may not be expended dependent upon the terms of the specific
trusts.
Permanent endowmenl funds are capital funds Whe￿ there is no power lo convert the capital into income and
which must generally be held indefinitely. Certain assets Can be exchanged and may be subject to depreciation
or loss.
Income recognition
All income is included in the Stslement of Financial Activities (SOFA) when the School is legally entitled to the
income after any performance conditions have been met, the amount Can be measured reliably and it is
probable that the income will be received.
For donations to be recognised, the School will have been notified of the amounts and the settlement date in
writing. If there are conditions attached to the donation and this requires a level of perfomance before
entillement can be obtained. then the income is deferred until those conditions are fully met or fulfilment of those
conditions is within the control of the School and it is probable that they will be fulfilled. Donations received for
the general purposes of the School are credited to unrestricted funds. Donations subject to specific wishes of the
donors are credited to relevant restricled funds or to endowed funds ￿ere the amount is required to be held as
permanent capital.
For legacies, entitlement is the earlier of the School being notified of an impending distribulion or legacy being
received. At this point income is recognised. On occasions legacies will be notified to the School but it is not
possible to measure the amount to be distributed. On these occasions, the legacy is treated as a contingent
asset and disclosed.
Fees receivable and charges for services and use of premises are accounted for in the period in which the
service is provided. Fees receivable are stated gross of scholarships, bursaries and other remissions allowed by
the School as detailed in the Govemors, Report.
Income from trading activities includes income earned from ￿ndraising events and trading activities to raise funds
for the School. Income is received in exchange for supplying goods and services in order to raise funds and is
recognised when entitlement has occurred.
Investment income is earned through holding assets for investment purposes such as shares and propety. It
includes dividends and interest and rent. Where it is not practicable to identify investment management costs
incurred wthin a scheme with reasonable accuracy, the investmenl income is reported net of Ihese costs. It is
included when the amount can be rneasured reliably. Interest income is recognised using the effective interest
method and dividend and rent income is recognised as the School'5 rights to receive payment isestablished.
Govemment grants are recognised at the fair value of the asset received or receivable when there is reasonable
assurance that the grant conditions will be met and the grants will be received.
A grant that specifies performance conditions is recognised as income when the performance conditions are
met. Where a grant does not specify performance conditions it is recognised in incorne when the proceeds are
received or receivable. A grant received before the recognition criteria are satisfied is recognised as a liability.
29

NorriNGHAM HIGH SCHOOL
(a company limited by guarantee)
NOTES RELATING TO THE FINANCIAL STATEMENTS (CONTINUED)
Year ended 31 August 2024
Accounting policies (continued)
Deposits
Deposits are charged to students upon a￿1Val at the School. These are refundable to students when they leave
the School unless there are unpaid fees in which case they are used to supplement the unpaid fees. They are
therefore held as a creditor until the student leaves the School.
Expenditure recognition
All expenditure is accounted for on an accruals basis and has been classified under headings that aggregale all
costs related to the category. Expenditure is recognised where there is a legal or constructive obligation to
transfer economic benefit to third parties, it is probable that the transfer will be required and the amount of the
obligation can be measured reliably. It is ¢ategorised under the following headings-
Cost of raising funds includes propety expenses
Expenditure on charitable activities include expenses incurred in the provision of education., and
Other expenditure represents those items not falling into the categories above.
Irrecoverable VAT is charged as an expense against the activity for which expenditure arose.
Support Cost allocations
Support costs are those which assist the work of the School but do not directly represent Charitable activities and
include office costs. governance costs and administrative payroll costs. They are incurred directly in support of
expenditure on the objects of the School. Where support costs cannot be directly attributable to particular
headings they have been allocated to costs of raising funds and expenditure on ¢haritsble activities on a basis
consistent with the use of the resources.
Taxation
The School is considered to pass the test set out in Paragraph 1. Schedule 6 of the Finance Act 2010 and
therefore it meets the definition of a Charitable company for UK corporation tax purposes. Accordingly. the
School is potentially exempt from lax in respect of income and capitsl gains received within categories covered
by part 11, chapter 3 of the Corporation Tax Act 2010 or section 256 of the Taxation of Chargeable Gains Act
1992. to the extent that such income or gains are applied exclusively to charitable purposes.
Tangible fixed assets
The School site. original buildings and playing fields are excluded from the financial statements as, in the
opinion of the Governors, their written-down cost would not be material. The value of subsequent building
additions and improvements is included in the financial ststements at cost.
Tangible fixed assets are initially measured at cost and subsequently measured at cost net of depreciation and
any impairment losses. Costs include costs directly attributable to making the asset capable of operating as
intended.
Freehold land is not depreciated. Freehold buildings are depreciated at 20/0 of cost. Until the year ending
31 August 2000. no depreciation had been provided on freehold buildings. Improvements to buildings are
depreciated at bef￿een 8 - 100/0 of cost.
The School equipment including fixtures and fittings is capitalised where costs exceed £2,500. Cost, less
residual value, is written off over the estimated useful life of the asset by providing deprecialion over three.
seven or ten years in equal annual instalments.
Assets in the course of construction are not depreciated until brought into use.
Investment properties
The School's freehold investment properties have been stated at fair value, as required by the SORP
'Accounting and Reporting by Charities"
30

NorriNGHAM HIGH SCHOOL
(a company limited by guarantee}
NOTES RELATING TO THE FINANCIAL STATEMENTS {CONTINUED)
Year ended 31 August 2024
Accounting policies (continued)
Other investments
Other investments are included in the financial statements at their fair value at balance sheet date. Any realised
and unrealised gains or losses from disposals and revaluations are shown within the School's Statement of
Financial Activities.
The School's investment in its subsidiary company represents the cost of acquisition of the whole ofthe ordinary
share capital of Nottingham High School Intemational Limited.
Stock
Stock is valued al the lower of cost and estimated selling price less costs to complete and sell. Provision is
made for obsolete and slow-moving items.
Loans and borrowings
Loans and borrowings a￿ initially recognised at the transaction price including transaction costs. Subsequently.
they are measured at amortised ¢ost using the effective interest rate method, less impairment. If an arrangement
constitutes a finance transaction it is measured at present value.
Impairment
Assets not measured at fair value a￿ reviewed for any indication that the asset may be impaired at each
balance sheet date. If such indication exists. the recoverable amount of the asset is estimated and Compared to
the carying amount. whe￿ the carying amount exceeds its recoverable amount, an impairment loss is
recognised in the Statement of Financial Activities unless the asset is carried at a revalued amount where the
impairment loss is a revaluation decrease.
Financial instruments
The School has elected to apply the provisions of Section 11 'Basic Financial Instruments, and Section 12 '0ther
Financial Instruments Issues, of FRS 102, in full, to all of its financial instruments.
Financial assets and financial liabilities are recognised when the School becomes a paty to the contractual
provisions of the instrument. and are offset only when the School currently has a legally enforceable right to set
off the recognised amounts and intends either to settle on a net basis, or to realise the asset and settle the
liability simultaneously.
Financial assets
Outstanding fees. other debtors (including accrued income) and amounts due from subsidiary undertaking which
are receivable within one year and which do not constitute a financing transaction are initially measured at the
transaction price and are subsequently measured at amortised cost. being the transaction price less any
amounts settled and any impairment losses.
A provision for impairment of outstanding fees is established when there is objective evidence Ihat the amounts
due will not be collected according to the original temis of the contract. Impairment losses are recognised in
profit or loss for the excess of the carying value of the outstanding fees over the present value of the fijture
cash flows discounted using the original effective interest rate. Subsequent reversals of an impairment loss that
objectively relate to an event occurring after the impairment loss was recognised, are recognised immediately in
profit or loss.
FinanGial liabilities and equity
Financial instruments are classified as liabilities and equity instruments a¢¢ording to the substance of the
contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in
the assets of the School after deducting all of its liabilities.
Trade creditors and other creditors {including accruals) payable within one year that do not constitute a financing
transaction are initially measured at the transaction price and subsequently measured at amort15ed cost. being
the transaction price less any amounts settled.
31

NornNGHAM HIGH SCHOOL
(a company Ilmited by guarantee)
NOTES RELATING TO THE FINANCIAL STATEMENTS (CONTINUED)
Year ended 31 August 2024
Accounting policies {continued)
Financial liabilities and equity {continued)
Bank loans and are initially recognised at the transaction price including transaction costs. Subsequently, they
are measured al amortised cost using the effective interest rate method, less impairment. If an arrangement
constitutes a finance transaction it is measured at present value.
Derecognition of financial assets and liabilities
A financial asset is derecognised only when the contractual rights to cash flows expire or are settled, or
subslantially all the risks and rewards of ownership are transferred to another paty, or if some significant risks
and rewards of ownership are retained but control of the asset has transferred to another party that is able to sell
the asset in its entirety to an unrelated third party. A financial liability (or part thereof) is derecognised when the
obligation specified in the contract is discharged, cancelled or expires.
Retirement Benefits
Retirement benefits for the teaching staff of the School are provided by the Teachers, Pension Scheme (TPSI.
The TPS is an unfunded scheme. Contributions to the TPS are calculated so as to spread the cost of pensions
over employees, working lives with the School in such a way thal the pension cost is a substantially level
percentage of current and future pensionable payroll. The contributions are determined by the Government
Actuary on the basis of quadrennial valuations using a projected unit method. The TPS is a multi-employer
scheme but sufficient information is not available to use defined benefit accounting and the￿fOre it is accounted
for as a defined contribution scheme. with the amount charged to the Statement of Financial Activities being the
contributions payable in the year. Differences be￿een contributions payable in the year and contributions
aclually paid are shown as either accruals or prepayments.
The School also operates a defined contribution scheme for the benefit of its non-teaching staff. The pension
cost Charged in the Statement of Financial Activities is the amount of the contributions payable for the year.
Differences be￿een contributions payable for the year and contributions actually paid a￿ shown as either
accruals or prepayments in the Balance Sheet.
Termination benefits
The best estimate of Ihe expenditure required to settle an obligation for termination benefits is re¢ognised
immedialely as an expense when the School is demonstrably committed to terminating the employment of an
employee or to provide termination benefits.
Leases
An asset and corresponding liability are recognised for leasing agreements that transfer to the School
Substantial￿ all of the risks and rewards incidental to ownership (°Finance Leases.).
Assets held under finance leases are recognised as assets at the lower of the asset's fair value at the date of
inception and the present value of the minimum lease payments. The related liability is included in the balance
sheet as a finance lease. Lease payments are treated as consisting of capital and interest elemenls. The
interest is charged to the Statement of Financial Activities so as to produce a constant periodic rate of interest
on the remaining balance of the liability.
Critical accounting estimates and areas of judgement
Estimates and judgements are continually evaluated and are based on historical experience and other factors,
including expectstions offuture events that are believed to be reasonable under the circumstsnces.
Critical accountlng estimates and assumptions
The School makes estimates and assumptions concerning the future. The resultin9 accounting estimates and
assumptions will, by definition, seldom equal the related actual results. The estimates and assumptions that
have a significant risk of causing a material adjustment to the carrying amounls of assets and liabilities within the
next financial year are discussed below.
32

NOThNGHAM HIGH SCHOOL
{a company limited by guarantee)
NOTES RELATING TO THE FINANCIAL STATEMENTS {CONTINUED)
Year ended 31 August 2024
Accounting policies (continued)
Critical accounting estimates and assumptions (continued)
Depreciation
Management reviews its estimate of the useful lives of depreciable assets at each reporting date, based on the
expected utility of the assets. Residual value and useful life assessments consider issues such as future market
conditions, the remaining life of the asset and maintenance programmes. The carrying value of tangible fixed
assets at the year end was £19,607,000 (2023: £19,675.000).
Impalrment
Determining whether fixed assets are impaired requires an estimation at the higher of fair value and value in use
of the asset. The value in use calculation ￿qUIreS management to estimate the future cashflows expected to
arise from the asset and a suitable discount rale in order to calculate present value. The carrying value of
tangible fixed assets at the year end was £19.607,000 (2023.. £19,675,000).
Carrying value of investments properties
The School values ils investment properties at fair value. The valuations are made by a qualified Chartered
Surveyor. using a variety of assumptions to determine the valuation of the investment properties. Any changes
in these assumptions has the potential to malerially impact the carying value of these investment properties.
The carrying value of investment properties at the year end was £9,319.000 (2023.. £9,157.000).
Leases
In calegorising leases as finance leases, management make judgement as to whether significant risks and
rewards of ownership have transferred to the School as lessee.
Income from donations, legacies and grants
2024
£'ooo
2023
£'ooo
Donations
Gift aid from subsidiary
593
110
536
53
703
589
Income from donations, legacies and grants was £703.000 (2023.. £589,000) of which £nil {2023.. £nil) was
attributable to permanent endowment funds. £43,000 (2023.. £5,000) was attributable to restricted funds and
£660,000 (2023: £584.000) attributable to unrestricted funds.
Income from charitable activities
2024
£'ooo
2023
£'ooo
Fees
Music tuition
Catering
Other
19.640
252
972
404
18.124
234
848
454
21.268
19.660
Income from charitable activities was £21.268,000 (2023- £19.660,0001 of which all was attributable to
unrestricted funds.
33

NorriNGHAM HIGH SCHOOL
(a company limited by guarantee)
NOTES RELATING TO THE FINANCIAL STATEMENTS (CONTINUED)
Year ended 31 August 2024
Income from other trading activities
2024
£'ooo
2023
£'ooo
Hire of facilities
Miscellaneous receipts
Clothing sales
Management charges received from subsidiary
217
35
29
18
172
53
61
19
299
305
Income from other trading activities was £299.00012023.. £305,000) of which all was attributable to unrestricted
funds.
Investment income
2024
£'ooo
2023
£'ooo
Property income
Dividends and interest receivable
275
263
285
252
538
537
Income from investments of £103.000 (2023.. £111.0001 was attributable to endowment funds and £435,000
(2023.. £426,000) was attributab5e to unrestricted funds.
Analysis of total expendlture
Staff
Depreciation
Costs and Impairment
£'ooo
£'ooo
Other
osts
£'ooo
2024
Total
£'ooo
2023
Total
£'ooo
Raising funds
Charilable activities
Other expenditure
556
7.330
240
556
21,647
240
472
19,948
228
13,029
1,288
13,029
1.288
8,126
22,443
20,648
Raising funds
2024
£'ooo
2023
£'ooo
Property expenses
Management fees
513
43
430
42
556
472
Raising funds expenditure of £556.000 (2023.. £472,000) was attributsble to unrestricted funds.

NOTllNGHAM HIGH SCHOOL
{a company limited by guarantee)
NOTES RELATING TO THE FINANCIAL STATEMENTS (CONTINUED}
Year ended 31 August 2024
Analysis of expenditure on charitable activities
2024
£'ooo
2023
£'ooo
Notes
Provision of education
Direct costs
Academic costs
Extra-curricular
Bursaries
Prizes
Scholarships
Staffing
675
225
1.62g
24
97
13,039
743
228
1,522
85
11,994
15,689
14,581
Support costs
School support services
Governance costs
Administration and maintenance
Estates
1,886
64
1.705
59
885
2.718
2,897
21,647
19,948
Charitable activities expenditure of £163,000 {2023.. £163,000) were attributable to endowment funds, £16,000
12023.. £17,000) were attributable to restricted funds and £21,468.000 (2023= £19,768.0001 were attributsble to
unreslricted funds.
Governance costs
2024
£'ooo
2023
£'ooo
Audit and accountancy
Legal and professional fees
Other Governanc6 expenses
55
49
64
59
10 Other expenditure
2024
£'ooo
2023
£'ooo
Loan interest
240
228
Other expenditure of £240,000 (2023: £228,000) was attributable to unrestricted funds.
11
Net income
2024
£'ooo
2023
£'ooo
Net income is stated after charging:
Tangible assets depreciation of permanent endowment assets
Tangible assets depreciation of unrestricted assets
163
1,125
163
1,036
35

NOThINGHAM HIGH SCHOOL
(a company limited by guarantee)
NOTES RELATING TO THE FINANCIAL STATEMENTS (CONTINUED)
Year ended 31 August 2024
12
Auditor's remuneration
2024
£'ooo
2023
£'ooo
Fees payable to RSM UK Audit LLP and its associates in respect of both audit
and non-audit services was as follows..
Fees payable for the audit of the financial statements
30
27
Fees payable to the auditor for other services..
Other assurance services
Other non-audit services
13 Governors, and key management personnel remuneration and expenses
The Governors neither received nor waived any rernuneration during the year (2023-. £nil).
The key management personnel of the School is the Govemors and the senior management team. The total
amount of employee benefits (including employer's national insurance contributions and contribulions to the
pension scheme} received by key management personnel was £1,810,994 {2023.' £1,522,675).
During the year 7 (2023: 2) Governor claimed expenses of £991 (2023.. £1981 with respect to travel and
subsistence expenses.
14 Staff costs
Academic
Staff
£'ooo
Support
Staff
£'ooo
2024
Total
£'ooo
2023
Total
£'ooo
Wages and salaries
Social security costs
Employer contributions to defined
contribution schemes
7.298
776
2,861
249
10,159
1,025
9,368
934
1.669
176
1,845
1,593
9.743
3,286
13.029
11.895
The average number of persons employed by the School during the year was as follows-
Number
FTE
2024
Number
2023
Number
2024
Number
2023
Number
Teaching
Non-teaching
Visiting music teachers
111
165
18
113
164
19
97
116
99
123
294
296
213
222
The totsl cost to the School of contributions towards the TPS was £1.669,000 (2023.. £1.435.000). The amounts
paid into private pension schemes in ￿SpeCt of support staff amounted to £176.00012023'. £158.000).
36

NOThINGHAM HIGH SCHOOL
{a company limited by guarantee)
NOTES RELATING TO THE FINANCtAL STATEMENTS {CONTINUED)
Year ended 31 August 2024
14 Staff costs (continued)
The number of employees whose emoluments {excluding employer pension cosls) exceeded £60,000 was..
2024
Number
2023
Number
£60,001- £70,000
£70,001- £80.000
£80,001- £90,000
£90,001- £100,000
£100,001- £110,000
£110,001- £120,000
£120,001- £130,000
£130,001- £140,000
£260,001- £270,000
£280.001- £290.000
14
23
13
Pension costs in respect of the above employees totalled £450,000 (2023.. £264,000). 21 (2023.. 12) higher paid
employees a￿ accruing benefits under the defined benefit pension scheme and 2 (2023.. 11 employees are
accruing benefits under defined contribution scheme.
15 Tangible flxed assets
Assets in the
course of
construction
£'ooo
Freehold
school land
and buildings
£'ooo
Flxtures and
flttings
£'ooo
Total
£'ooo
Cost at 1 September 2023
Additions
Transfers
1,006
878
(1,739)
26,196
239
1,739
3,838
103
31,040
1,220
Cost at 31 August 2024
145
28.174
3,941
32,260
Accumulated depreciation at 1 September 2023
Charge for the year
8.598
935
2,767
353
11,365
1,288
Accumulated depreciation at 31 August 2024
9.533
3,120
12.653
Net book value at 31 August 2024
145
18.641
821
19,607
Net book value at 31 August 2023
1.006
17,598
1,071
19,675
The net book value of fixtures and fittings includes £208,61112023.. £206,547) in respect of assets held under
finance leases and hire purchase conlracts. The depreciation charge for the year with respect to these fixtures
and fittings were £83.897 (2023.. £86.537).
37

NorriNGHAM HIGH SCHOOL
{a company limited by guarantee)
NOTES RELATING TO THE FINANCIAL STATEMENTS (CONTINUED)
Year ended 31 August 2024
16 Investment properties
Freehold
£'ooo
9,157
162
Valuation at 31 August 2023
Additions
Valuation at 31 August 2024
9,319
A review of the School's investment properties values was carried out at 31 August 2024 using supporting
evidence from property agents engaged by the School for that purpose. The School's investment properties
were revalued as at 31 August 2024 at a fair value of £9,215.000 with additions in the year to existing properties
of £162.000, the valuation reviews were commissioned lo ensure a balance sheet carrying value in line with
current market values. The historical cost of the investment properties is £2,267,000 (2023.. £2,105,000). The
governors are of the opinion that the fair value has not materially changed since the previous evaluation in
August 2021.
Investment properties to the value of £3,225,000 {2023'. £3,225,000) have been used as security in respect of
the bank loans as described in note 21.
17
Other investments
Total
£'ooo
6,921
{195)
1,448
(1,481)
588
Fair value at 1 September 2023
Cash on deposit at 1 September 2023
Additions
Disposals
Net loss on revaluation
Quoted investments
7,281
Cash on deposit as at 31 August 2024
188
Fair value at 31 August 2024
7,469
2024
£'ooo
7,496
2023
£'ooo
6.921
Total (at fair value)
Totsl {at historical cost)
6,145
5,912
The School has a number of small portfolios held with Rathbones Investment Management Limited, which
includes equilie5, fixed income unit trust and treasury bonds which are valued at mid-market price.
18 Stock
2024
£'ooo
2023
£'ooo
Goods for resale
65
19 Debtors
2024
£'ooo
2023
£'ooo
Outstanding fees
Accrued income
Prepayments
Amounts due from subsidiary undertakings
Other debtors
108
114
10
270
80
119
316
215
96
735
593
38

NorriNGHAM HIGH SCHOOL
(a company limited by guarantee)
NOTES RELATING TO THE FINANCIAL STATEMENTS (CONTINUED)
Year ended 31 August 2024
20 Creditors: amounts falling due within one year
2024
£'ooo
2023
£'ooo
Bank loans (note 211
Obligations under finance leases (note 23)
Trade creditors
Other taxation and social security costs
Accruals
Other creditors
Deferred income
375
104
340
250
478
478
6,132
363
101
258
251
270
467
724
8,157
2,434
21
Credltors: amounts falling due after more than one year
2024
£'ooo
2023
£'ooo
Bank loans
Deferred income
Obligations under finance leases (note 23)
4,754
818
93
5.116
702
94
5,665
5,912
2024
£'ooo
2023
£'ooo
Loan maturlty
Debt due in one year or less
Due in more than one year but not more than years
Due in more than two years but not more than five years
Due in more than five years
375
389
4,259
106
363
376
296
5,129
5,479
The School has three separate bank loans. The details of these loans a￿ given below-
The School's first bank loan is a facility of £5.Om to fund capital projects. As at 31 August 2024, £3.94m (2023..
£4.09m) had been drawn down by the School. The bank loan has a fixed interest rate of 3.380/0 per annum. The
loan is repayable by monthly instalments and is repayable by May 2027.
The School's second bank loan is a facility of £1.1m and is subject to an interest rate of 2.60/0 above base rate.
The bank loan is being repaid in quarterly instalments over the period until 3 February 2029.
The School's third bank loan is a facility of £2.4m and is subject to an interest rate of 1.0 /0 above base rate. The
bank loan is being repaid in quarterly instalments over the period until May 2030.
These loans are secured over the School's main site and certain investment properties as detailed in note 16.
39

NOThINGHAM HIGH SCHOOL
(a company limited by guarantee)
NOTES RELATING TO THE FINANCIAL STATEMENTS {CONTINUED)
Year ended 31 August 2024
22
Deferred income
2024
£'ooo
2023
£'ooo
Deferred income at 1 September
Resources defer￿d in the year
Amounts ￿leaSed from previous year
1,426
6,248
(724)
1,530
615
(719)
Deferred income at 31 August
6,950
1,426
The deferred income relates to school fees and deposits received in advance.
23 Finance lease and hlre purchase obligations
2024
£'ooo
2023
£'ooo
The total minimum future lease payments are payable-
Less than one year
Be￿een one and five years
104
93
101
94
197
195
Finance Lease payments represent ￿ntalS payable by the School for certain items of IT equipment. Leases
include purchase options at the end of the period and no restrictions are placed on the use of the assets. The
average lease term is 3 years. All leases are on a fixed repayment basis and no arrangements have been
entered into for contingent rental payments. The School's obligations under Finance Leases are secured by the
lessor's charge over the leased assets.
24 Analysis of net assets between funds
Permanent
Unrestricted Designated Restricted Endowment
Funds
Funds
Funds
Funds
£'ooo
£'ooo
£'ooo
£'ooo
Total
£'ooo
Tangible assets
Investments
Net Current assets
C￿dItorS due after more than one year
14,505
3,678
{628)
(5.665)
5,102
10,598
449
19.607
16,788
1.813
{5.665)
2,512
1,959
33
11,890
4,471
33
16,149
32.543
Permanent
Unrestricted Designated Restrlcted Endowment
Funds
Funds
Funds
Funds
£'ooo
£'ooo
£'ooo
£'ooo
Prior year
Total
£'ooo
Tangible assets
Investments
Net current assets
Creditors due after more than one year
14.410
3,554
1692)
(5,912)
5.265
10.208
491
19,675
16,078
1,749
(5.g12)
2.316
1.944
11,360
4,260
15.964
31,590
40

NOTTINGHAM HIGH SCHOOL
{a company limited by guarantee)
NOTES RELATING TO THE FINANCIAL STATEMENTS (CONTINUED)
Year ended 31 August 2024
25
Permanent Endowment
Balance at
1 September
2023
£'ooo
Balance at
31 August
2024
£'ooo
Other
gains
£'ooo
Income
£'ooo
Expenditure
£'ooo
Transfers
£'ooo
Capital fund
J 8ramley Scholarship
Other funds
11,758
1.382
2,824
(163)
11,595
1,426
3,128
17
86
27
218
15.964
103
(163)
245
16,14g
Prlor year
Balance at
1 September
2022
£'ooo
Balance at
31 August
2023
£'ooo
Other
gains
£'ooo
Income Expenditure
£'ooo
£'ooo
Transfers
£'ooo
Capital fund
J Bramley Scholarship
Other funds
11,921
1.386
2,819
(163)
11,758
1,382
2,824
18
93
(22}
(88}
16.126
111
(163)
(110)
15.964
The Capital Fund comprises the School's permanently endowed land and buildings together with the School's
foundation capital investments.
The J Bramley Scholarship Fund consists of a donation to fund specific scholarships for former pupils. The
School cannot benefit in any way from this fund. Where the terms of the bequests have been unable to be
fulfilled. the income arising from the inveslments has been accumulated within the fund to provide scholarships
in future years.
26 Restricted income funds
Balance at
1 September
2023
£'ooo
Balance at
31 August
2024
£'ooo
Income
£'ooo
Expenditure Other gains
£'ooo
£'ooo
Bursary Fund
CCF Community
18
25
(16)
25
43
116)
33
Prior year
Balance at
1 September
2022
£'ooo
Balance at
31 August
2023
£'ooo
Income
£'ooo
Expenditure Other gains
£'ooo
£'ooo
Bursary Fund
18
(171
18
(17}
41

NOThINGHAM HIGH SCHOOL
(a company limited by guarantee)
NOTES RELATING TO THE FINANCIAL STATEMENTS {CONTINUED)
Year ended 31 August 2024
27 Unrestricted funds
Balance at
1 September
2023
£'ooo
Balance at
31 August
2024
£'ooo
Other
gains
£'ooo
Income
£'ooo
Expenditure
£'ooo
Transfers
£'ooo
Designated
Bursary fund
Capital fund
Other funds
2,299
1,811
150
211
2,510
1,811
150
4,260
211
4,471
Other unrestrlcted funds
11,360
22,662
(22,264)
132
11,890
15,620
22.662
(22,264)
343
16,361
Prlor year
Balance at
1 September
2022
£'ooo
Balance at
31 August
2023
£'ooo
Other
gains
£'ooo
Income Expendlture
£'ooo
£'ooo
Transfers
£'ooo
Designated
Bursary fund
Capital fund
Other funds
2,381
1.811
150
(82)
2,299
1,811
150
4,342
(82)
4.260
Other unrestricted funds
10.891
20,975
(20,468)
(38)
11,360
15.233
20,975
(20,468)
(120)
15,620
The Bursary Fund is to further the educalion of pupils attending the School. and who are in financial need, by
the provision of bursaries. The funds of the School include the above amount which has been sel aside by the
Governors out of unrestricted funds for the purposes of the Bursary Fund.
The Capital Fund relates to amounts transferred from unrestricted funds in previous years as a ¢ontribulion
towards planned improvements to the School buildings.
42

NOThINGHAM HIGH SCHOOL
(a company limited by guarantee)
NOTES RELATING TO THE FINANCIAL STATEMENTS {CONTINUED)
Year ended 31 August 2024
28
Reconciliation of net income to net cash inflow from operating activities
2024
£'ooo
2023
£'ooo
Net income for the reporting period (as per the Statement of Financial Activities)
Adjustments for:
Interest payable
Dividends, interest and rent from investments
Depreciation of tangible fixed assets
Gainsl{lossesl on investments
Decrease in stock
Ilncrease)Idecrease in debtors
Increaselldecreasel in creditors
953
213
240
(538)
1,288
(588)
65
1142)
5,824
228
{537}
1,199
230
13
19
(4611
Net cash provided by operating activities
7,102
904
29 Analysls of changes in net debt
Balance at
1 September
2023 Cashflows
£'ooo
£'ooo
Balance at
Non cash 31 August
flows
2024
£'ooo
£'ooo
Cash at bank and in hand
Debt due wlthln one year
Bank loans
Obligations under finance leases
Debt due after one year
Bank loans
Obligations under finance leases
3,525
5,710
9,235
(363)
(101)
350
101
(3621
(104)
{375}
{104}
(5.116)
{94)
362
(4.754}
{93)
(2,149)
6.161
(103)
3,909
30 Constitution
The Company is limited by guarantee. Members undertake to contribute a sum not exceeding £10 each under
certain circumstances pre-defined in the Memorandum of Association.
31
Teachers, Pension Scheme
The School participates in the Teachers, Pension Scheme ('the TPS.) for its teaching staff. The pension charge
for the year includes contributions payable to the TPS of £1,669,000 {2023-. £1,435,000) and at the year-end
£203,000 (2023: £161.4151 was accrued in respect of contributions to this scheme.
The TPS is an unfunded multi-employer defined benefits pension scheme governed by The Teachers, Pensions
Regulations 2010 (as amended) and The Teachers, Pension Scheme Regulations 2014 {as amended).
Members contribute on a 'pay as you go. basis with contributions from members and the employer being
credited to the Exchequer. Retirement and other pension benefits are paid by public funds provided by
Parliament.
The employer contribution rate set by the Secretary of State following scheme valuations undertaken by the
Government Actuary's Department. The most recent actuarial valuation of the TPS was prepared as al March
2020 and the Valuation Report. which was published in October 2023.

NOThINGHAM HIGH SCHOOL
(a company limited by guarantee)
NOTES RELATING TO THE FINANCIAL STATEMENTS (CONTINUED)
Year ended 31 August 2024
31
Teachers, pension scheme (continued)
Following the Mccloud judgement, the remedy proposed that when benefits become payable, eligible members
can select to receive them from either the refomied or legacy schemes for the period 1 April 2015 to March
2022. The actuaries have assumed that members are likely choose the option that provides them with the
greater benefrts, and preparing the 2020 valuation have valued the 'greater value, benefrts for groups of relevant
members.
The valuation confirmed that the employer contribution rate for the TPS would increase from 23.6% to 28.60/0
from 1 April 2024. Employers are also required to pay a scheme administration levy of 0.08 % giving a total
employer contribution rate of 28.68%.
32 Controlling party
The Govemors consider that the School has no controlling paty.
33 Related party transactions
During the year, the School paid expenses to the Govemors amounting to £991 (2023: £198), see note 13.
A number of trustees and members of the senior management team have spouses who are employed by the
School. The appointments were made in open competition and the trusteeslsenior management team were not
involved in the decision making process regarding appointment. The posts are paid within the nomial pay scale
for the roles and the individuals receive no special treatment as a result of their relationship to the
trusteeslsenior management team.
Key management personnel compensation disclosure is included in note 13.
Flnanclal Instruments
The carrying amounts of the School's financial instruments measured at fair value through profit and loss at 31
August were..
2024
£'ooo
2023
£'ooo
Financial assets measured at fair value through profit and loss
7,469
6.921
35 Capitsl commitments
As at 31 August 2024, the School had contractual capital commitments of £nil (2023.. £825.576}-
36 Investment in subsidiary undertaklng
The School has an investment in Nottingham High School Intemational Limited (company number 11905474), a
company incorporated in England and Wales. The School owns the entire share capital of 101 ordinary shares
of £1 each. The Subsidiary's registered office is Waverley Mount, Nottingham, United Kingdom, NG7 4ED.
During the period ended 31 August 2024. Nottingham High School Intemational Limited income totalled
£173,168 {2023- £83,861) with a retained profit of £462 {2023: £462) and net assets at 31 August 2024 of £563
(2023: £563).
During the period ended 31 August 2024, the company recharged management expenses of £18,00012023'.
£19,000) and received £109.518 (2023= £52,960) of gift aid from Nottingham High School Intemational Limited.
At the year end, a balance of £215,054 (2023= £80,212) was due from Nottingham High School Intemational
Limited.